North American Coal Exports to South Korea on the Rise, SSY Says

Bloomberg reported that North America’s coal exports to South Korea are now higher than Australia’s.

As quoted in the market news:

North American exports of the coal, used in steelmaking, to South Korea are forecast to reach 11.9 million metric tons this year, the London-based division of global shipbroker Simpson, Spence & Young said by e-mail today. That’s higher than Australian exports, forecast at 11.5 million.

Click here to read the full Bloomberg report.